"Federal Reserve mouthpiece" Nick Timiraos: The February PCE is expected to remain strong, but slightly weaker than previous expectations.

“Federal Reserve megaphone” Nick Timiraos said that although February’s PPI data were higher, the impact on the PCE components (including the downward revision to December) was slightly below market expectations. February’s PCE is still expected to remain strong, but it is a bit weaker than previously expected.

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